The Senate issues a seven-day ultimatum to Edun regarding the N100 billion gas project

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The Senate Committee on Gas has issued a seven-day ultimatum to Finance Minister Wale Edun, urging him to provide details on the award and disbursement of over N100bn to companies involved in the Presidential Compressed Natural Gas projects.

Allegedly, these actions breach the Public Procurement Act 2017.

This request follows the committee’s concern about plans by the PCNG to release an additional N130bn without National Assembly approval.

 

Despite previous commendation for CNG initiatives, the committee emphasizes the need for a supplementary budget and requests comprehensive records on the allocation’s utilization, emphasizing transparency and adherence to due process in the awarding of contracts.

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